Existing investors Gaja Capital, Kotak Mahindra Life, Lok Capital, Teachers Insurance and Annuity Association of America (TIAA), and LN Bangur Group’s investment arm Kiran Vyapar have invested USD8.2m in India-based non-banking finance company Suryoday Small Finance Bank. Read more… Read More
Asian Development Bank has approved a USD300m loan to Geo Dipa Energi, an Indonesian state-owned company, to increase the country’s geothermal electricity generation capacity. ADB will also provide USD35m from its Clean Technology Fund for the project. Read more… Read More
IDG Capital and CPE led a USD1b Series B for China-based gene sequencing equipment manufacturer MGI Tech, a subsidiary of genomics company BGI Group, with participation from Huaxing Growth Capital, Guofang Capital (under Shanghai International Group), Huatai Zijin Investment (under Huatai Securities), Ti Capital, Sailing Capital, Co-Stone Capital,… Read More
Switzerland-based agri-food investor Pioneering Ventures has acquired India-based agtech Lateral Praxis for an undisclosed amount. Read more… Read More
Matrix Partners led a USD26.5m Series A for India-based Ola Financial Services, the financial services arm of cab-hailing platform Ola, with participation from Falcon Edge, Gemini Investments, and Arun Sarin’s family office. Read more… Read More
Warburg Pincus has agreed to increase its stake in Singapore-based real estate fund manager ARA Asset Management from 30.7% to 48.7% through a series of transactions expected to be completed by May 2021. Fellow shareholders Straits Trading, CK Assets Holding, and JL Investment Group (an entity owned by… Read More
Hahn & Co. and Hana Financial Group have agreed to acquire 100% of South Korea-based H-Line Shipping, the former bulk carrier of bankrupt Hanjin Shipping, for USD1.45b. The two firms will create a fund for the leveraged buyout of H-Line Shipping, which is currently owned by another fund… Read More
Inventus Capital Partners led a USD2.6m Series A for India-based electric automotive startup Euler Motors, with participation from Blume Ventures, Jetty Ventures, and Udaan co-founder Sujeet Kumar. Read more… Read More
Horizon Ventures and Alpha JWC Ventures led a USD11.5m Series A for Indonesia-based capsule hotel operator Bobobox, with participation from Kakao Investment, Sequoia’s Surge, and Mallorca Investments. Read more… Read More
Actis, through its Actis Asia Real Estate fund, has sold South Korea-based twin-tower office building Young City to a consortium of local institutional investors for USD447.5m. The asset came under Actis’ control after the acquisition of the Asia unit of Standard Chartered’s Principal Finance Real Estate in 2018. Read More
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